Unlocking the value of human capital

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Human capital—the strength of all the collective knowledge, attributes, skills, experience, and health of its workforce—is the most vital resource for any organization or economy. Individuals accumulate human capital throughout their working lives, and taking on new roles helps them become upwardly mobile. In fact, work experience can contribute to 40-60 percent of the average individual’s lifetime earnings. But making bold moves that stretch a worker’s potential is not possible unless employers take a chance on hiring them and provide opportunities. Don't miss a new report on how to unlock the power of your people. And to learn more about the research, be sure to register for a virtual event on June 15.
— Sarah Skinner, digital editor, New York
 
Human capital at work: The value of experience
Human capital represents two-thirds of wealth for the average individual—and work experience contributes almost half of that value.
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“We found that women are not doing [nonpromotable] work because they really enjoy it or care more about doing the work. . . . Rather, it’s because we all have the expectation that women will do this work. That collective expectation is held by managers and people who are asking them to do this work. ”
—Lise Vesterlund, director of the Pittsburgh Experimental Economics Laboratory in a new Author Talks interview
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